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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Summary of Derivative Instruments [Abstract] |
Summary Of Location And Fair Value Of Derivative Financial Instruments | The table below summarizes the location and gross amounts of aluminum derivative contract fair values (Level 2) in the consolidated balance sheets as of December 31, 2023 and 2022:
| December 31, 2023 |  | December 31, 2022
(In thousands) | Balance Sheet Account |  | Fair Value |  | Balance Sheet Account |  | Fair Value
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |
Asset derivatives: Aluminum futures contracts | Prepaid expenses & other |  | $ | — |  |  | Prepaid expenses & other |  | $ | 48 |
Liability derivatives: Aluminum futures contracts | Accrued expenses |  | (483) |  |  | Accrued expenses |  | (3,260) |
Aluminum futures contracts | Other non-current liabilities |  | (9) |  |  | Other non-current liabilities |  | (369) |
Net asset (liability) |  |  | $ | (492) |  |  |  |  | $ | (3,581) |
The table below summarizes the location and gross amounts of foreign currency forward contract fair values (Level 2) in the consolidated balance sheets as of December 31, 2023 and 2022:
| December 31, 2023 |  | December 31, 2022
(In thousands) | Balance Sheet Account |  | Fair Value |  | Balance Sheet Account |  | Fair Value
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |
Asset derivatives: Foreign currency forward contracts | Prepaid expenses and other |  | $ | 2,050 |  |  | Prepaid expenses and other |  | $ | 781 |
Foreign currency forward contracts | Other non-current assets |  | 146 |  |  | Other non-current assets |  | 33 |
Liability derivatives: Foreign currency forward contracts | Other non-current liabilities |  | — |  |  | Other non-current liabilities |  | (3) |
Net asset (liability) |  |  | $ | 2,196 |  |  |  |  | $ | 811 |
Schedule Of Pretax Effect On Net Income (Loss) And Other Comprehensive Income (Loss) Of Derivative Instruments Classified As Cash Flow Hedges | The pre-tax effect on net income (loss) and other comprehensive income (loss) of derivative instruments classified as cash flow hedges and described in the previous paragraphs for years ended December 31, 2023, 2022, and 2021 is summarized in the tables below:
(In thousands) | Cash Flow Derivative Hedges
| Aluminum Futures Contracts
Years Ended December 31, | 2023 |  | 2022 |  | 2021
Amount of pre-tax gain (loss) recognized in other comprehensive income | $ | 7,598 |  |  | $ | (4,525) |  |  | $ | 6,215 |
Location of gain (loss) reclassified from accumulated other comprehensive income into net income (effective portion) | Cost of goods sold |  | Cost of goods sold |  | Cost of goods sold
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income to net income (effective portion) | $ | 4,508 |  |  | $ | 1,022 |  |  | $ | 5,787 |
(In thousands) | Cash Flow Derivative Hedges
| Foreign Currency Forward Contracts
Years Ended December 31, | 2023 |  | 2022 |  | 2021
Amount of pre-tax gain (loss) recognized in other comprehensive income | $ | — |  | $ | 4,196 |  |  | $ | — |  | $ | 3,269 |  |  | $ | — |  | $ | (2,415) |
Location of gain (loss) reclassified from accumulated other comprehensive income into net income (effective portion) | Cost of goods sold | Selling, general & admin |  | Cost of goods sold | Selling, general & admin |  | Cost of goods sold | Selling, general & admin
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income to net income (effective portion) | $ | 61 |  | $ | 3,011 |  |  | $ | 61 |  | $ | 1,378 |  |  | $ | 63 |  | $ | (337) |
Schedule of Derivative Instruments [Table Text Block] | Terphane Ltda. has the following outstanding foreign exchange average forward rate contracts to purchase Brazilian Real and sell U.S. Dollars:
USD Notional Amount (000s) | Average Forward Rate Contracted on USD/BRL | R$ Equivalent Amount (000s) | Applicable Month | Estimated % of Terphane Ltda. R$ Operating Cost Exposure Hedged
$1,784 | 5.2993 | R$9,454 | Jan-24 | 82%
$1,766 | 5.3188 | R$9,393 | Feb-24 | 81%
$1,781 | 5.3346 | R$9,501 | Mar-24 | 82%
$1,827 | 5.3373 | R$9,751 | Apr-24 | 84%
$1,798 | 5.3588 | R$9,635 | May-24 | 83%
$1,812 | 5.3708 | R$9,732 | Jun-24 | 84%
$1,804 | 5.3848 | R$9,714 | Jul-24 | 84%
$1,806 | 5.4014 | R$9,755 | Aug-24 | 84%
$1,857 | 5.4107 | R$10,048 | Sep-24 | 87%
$1,851 | 5.4225 | R$10,037 | Oct-24 | 87%
$1,837 | 5.4403 | R$9,994 | Nov-24 | 86%
$1,801 | 5.4580 | R$9,830 | Dec-24 | 85%
$21,724 | 5.3786 | R$116,844 |  | 84%

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